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Global Tower Crane Market 2015-2019

Tower Crane Sector: Worldwide Forecast until 2019

  • December 2015
  • 75 pages
  • ID: 3506498
In this report:
The tower crane market in APAC generated revenue of $##.## billion in 2014 and is expected to reach $##.## billion by 2019, growing at a CAGR of ##.##%.
The tower crane market in the Americas generated revenue of $##.## billion in 2014 and is expected to reach $##.## billion by 2019, growing at a CAGR of ##.##%.

Summary

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Market outlook of the overall tower crane sector

Tower cranes can lift a total of around 20 tons and are mostly used for the construction of high-rise building projects. Research firm market research analysts estimate the growth in urban infrastructure projects, high rise building projects, and high rise residential apartment construction projects across globe to impel industry growth during the estimate period. Consequently, this sector is anticipated to generate a revenue of more than $8.0B by 2019.

Geographically, the Asia-Pacific regions is projected to account for more than 45.0 percent of the global market share by 2019. Growing investments in urban infrastructure projects across countries including China, India (IN), and Indonesia is anticipated to augment industry growth in Asia-Pacific during the outlook period.

End-user division of the tower crane sector

- Infrastructure market

- Residential industry

- Commercial market

In this market analysis, Technavio's market research analyst has estimated the infrastructure segment to be the biggest segment during the estimate period succeeded by the residential and commercial sectors. Huge investments made by the governments of different countries across world are anticipated to result in this segment's high market share during the outlook period.

What is the current competitive panorama? Who are the main vendors?

Competition in the sector is continually rising as end users are focusing more on manufacturers that have the ability to manufacture technologically advanced, ecological tower cranes. The provision of financing options including flexible monthly down payments, availability of rental services for clients who cannot afford costly tower cranes, and lease of equipment on monthly, yearly, and daily basis is a critical factor that enhances vendor competition in this industry during the estimate period.

Leading merchants in this sector are -

Other main sellers are Natraj Associates, ABUS Crane system, Shandong Dahan Construction Machinery, Linden Comansa America, KRHI, Hankook Tower Crane, Escorts Construction Equipment, Manitowoc Cranes, Jayem Manufacturing, Action Construction Equipment, and Jinan Dongyue Tower Crane Manufacturers.

Growth drivers, opportunities, and upcoming trends: Tower cranes

Upcoming trends including the increasing demand for fuel-efficient and advanced tower crane are quickly gaining popularity due to their cost effective performance and high level of safety. Construction companies across the world prefer using fuel-efficient equipment as it allows fuel savings and emits less carbon. Furthermore, the introduction of strict government policies pertaining to carbon emission levels is anticipated to spur the adoption of advanced tower cranes during the outlook period.

This industry report offers a number of factors providing to the adoption, limitations, and opportunities of the overall tower crane sector. It also provides an analysis of each factor and an estimation of the extent to which the factors are likely to impact the worldwide sector increase.

What are the main questions answered?

- What will the market value and the increase rate be in 2019?

- What are the most significant drivers yielding the overall tower crane sector?

- What are the main segment trends affecting the growth of the overall tower crane sector?

- What are the conditions to market growth?

- Who are the main vendors in the overall tower crane sector?

- What are the opportunities in this industry and segment risks faced by the sellers in the overall tower crane sector?

- Trending factors influencing the market shares of the EMEA, Americas, and Asia-Pac?

- What are the main outcomes of the Porter 5 forces analysis of the overall tower crane sector?

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